Chandigarh, October 26
In order to give impetus to investment in the state, many top honchos of the corporate sector suggested measures and also expressed their concerns towards some of the impediments.
Sanjiv Mehta, chairman amp; managing director of India’s largest FMCG company, Hindustan Unilever Limited, requested the state government to incentivise the industry using renewable energy. “The government must rationalise the open access tariff to boost the industry and renewable energy.” Executive chairman, Arcelor Mittal, Lakshmi N Mittal, suggested the state government should introduce PLI (production-linked incentive) scheme on the lines of the Centre to boost investment. He also suggested the state government to set up petro and petrochemical investment region hub in the Malwa region. Mittal further said allowing change of land use (CLU) from agricultural to industrial should be through self-certification.
Prakash P Hinduja of the Hinduja Group expressed concern over environmental issues caused by stubble burning and suggested the state government that it could tackle the issue with Japanese and Italian technology. — TNS
‘Punjab can help nation become $10-tn economy’
Deepak Bagla, CEO and MD, Invest India, says Punjab can play an important role in making the nation a $10 trillion economy by 2030. “The state’s GDP is $73 billion. On global ranking, the state would stand anywhere between 70 and 71. Its GDP growth is one of the fastest.”
Rationalise open access tariff: Industry
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